Confusion is Rampant

Clearly Outline the Differences

1. Exiting the Home

Public Notices vs. For Sale sign

2. Length of Time

+/-11 months vs. +/-6 months

3. Deficiency Judgement

Yes vs. No (maybe)

4. Future Mortgage

Wait 7 years vs. Wait 2 years

5. Credit Score & History

Negative Impact vs. Some Impact (maybe)

6. Security Clearances

Negative Impact vs. Almost Never

7. Employment

Possibly vs. Almost Never

8. Paperwork

Ignore mail vs. Stacks and stacks

OVERDUE

9. Tax Relief

Little impact (usually) vs. Forgiveness (for now)

10. Neighborhood Impact

YOU ARE NOT ANATTORNEY ORACCOUNTANT